Latest reports – Page 3803
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PropertyEU Archive
Kenmore snaps up EUR 70.19 mln worth of industrial properties
Real estate investment company Kenmore Euro Industrial Fund has announced the acquisition of seven industrial and warehouse buildings in Germany, France, Sweden and Norway for a total of EUR 70.19 mln (£47.2 mln). The transaction, which generated a combined yield of 8%, was the first by fund since it raised ...
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PropertyEU Archive
Spanish firms seek rich pickings in the east
Cash-rich Spanish real estate developers are looking to take the lead in house building in central and Eastern Europe, partly as insurance against the possible slowing of the impressive growth in the home market.
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PropertyEU Archive
Hypo RE reports 25% increase in pre-tax profits
The German commercial property lender Hypo Real Estate Group has reported a 25% increase in pre-tax profits. In figures released Wednesday, pre-tax profits for the first three quarters of 2006 were EUR 410 mln, an increase of around 25% over the same period in 2005, where pre-tax profits totalled EUR ...
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PropertyEU Archive
ING Real Estate pre-tax profits up 77%
Netherlands-based ING Real Estate has reported pre-tax profits of EUR 154 mln in the third quarter of 2006, a rise of 77% over the same period in 2005.
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PropertyEU Archive
WCM files for insolvency over loan crisis
German real estate company WCM Beteiligungs- und Grundbesitz has filed for insolvency after HSH Nordbank terminated a €200 mln loan agreement.
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PropertyEU Archive
Commerz Grundbesitz signs French development deal
Germany-based Commerz Grundbesitz-Spezialfondsgesellschaft (CGS), a subsidiary of Commerz Grundbesitz Group (CGG), has signed the deed for the logistics property Toussieu 2 in Lyon, France, the company announced Thursday.
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PropertyEU Archive
Kungsleden acquires portfolio for EUR 187 mln
Swedish property company Kungsleden is acquiring a portfolio of Swedish properties worth SEK 1.7 bn (EUR 187 mln), the company announced Thursday. The portfolio consists of 24 properties and six site leaseholds with a total lettable area of around 190,000 m[sup]2[/sup]. The rental value is around SEK 172 mln (EUR ...
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PropertyEU Archive
LaSalle launches new German commercial property fund
LaSalle Investment Management has launched a new fund called German Income & Growth Venture which is to invest in German commercial property. The total investment volume will be around EUR 1 bn. The fund already has EUR 250 mln capital from institutional investors from North America and Europe. The fund ...
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PropertyEU Archive
L&G paysz £90 mln for LaSalle offices
Legal & General is to acquire 99 Gresham Street in the City of London for more than £90 mln from LaSalle Investment Management, Property Week reported. The 8,911 m[sup]2[/sup] six-storey building is diagonally opposite the Bank of England. The price reflects a net initial yield of around 4.3%. LaSalle acquired ...
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PropertyEU Archive
HSH N Real Estate sells Dresden apartment portfolio
HSH N Real Estate has sold a portfolio of apartments in the eastern German city of Dresden to a joint venture between Morgan Stanley Real Estate Funds (MSREF) and Arsago Real Estate for EUR 71.2 mln. The portfolio comprises a total of 1,887 residential units with a total lettable area ...
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PropertyEU Archive
Meeting Point leads charge for European REIT
Real estate and financial professionals held a special meeting at the Barcelona Meeting Point real estate symposium on Wednesday to push for the introduction of European-wide real estate investment trusts (REITs).
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PropertyEU Archive
Vectrane announces resort acquisition
French property company Vectrane has announced the acquisition of Club Mediterranee's Deux Alpes village resort for EUR 23.08 mln, excluding transfer taxes.
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PropertyEU Archive
Sharp rise in German retail investment in 2006
Investment in German retail properties has sharply increased in 2006, according to a new report by consultancy firm Atisreal Deutschland. Around EUR 18 bn was invested in commercial real estate in German in the first half of 2006, with around EUR 10.3 bn of that going into retail properties, reveals ...
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PropertyEU Archive
US Treuhand to offer new American blind pool fund
German-based investment company US Treuhand is to launch its new fund UST XVII Preferred Equity within the next few weeks, the company has announced. The new fund will give German investors the opportunity to invest in property in the US in cooperation with the American developer Hillwood. The fund is ...
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PropertyEU Archive
Wereldhave profits rise by 15%
Dutch-based property group Wereldhave has reported an increase of more than 15 percent in its net profit during the first nine months of 2006. The profit for the first three quarters of the year, consisting of direct and indirect result, increased to EUR 185.4 mln in 2006, the company reported ...
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PropertyEU Archive
ING Real Estate acquires EUR 187 mln portfolio
ING UK Real Estate has agreed to acquire a £125.5 mln (EUR 187 mln) property portfolio from US fund Nivian Unit Trustees. The tranaction includes three offices, three retail properties, a distribution warehouse and a multi-let industrial estate in Bracknell, Bristol and Carlisle, Property Week reported. The purchase price reflects ...
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PropertyEU Archive
Morgan Stanley reveals 'secrets' of mega deals
Insider details of how Morgan Stanley engineered two of its biggest commercial property deals of recent times were revealed at the 10th Barcelona Meeting Point real estate symposium. John Carrafiell, boss of Morgan Stanley Real Estate, gave the details while discussing the 'art of the deal' during a lunch meeting ...
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PropertyEU Archive
BlackRock launches European Property Fund of Funds
BlackRock's real estate team has launched the Merrill Lynch (ML) European Property Fund of Funds, which will invest in unlisted and diversified property vehicles across Europe.
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PropertyEU Archive
UK firm to fund Russian logistics warehouse
Raven Russia, the only UK-listed property company focused entirely on investment in industrial property in Russia, is to forward-fund the development of a 222,965 m[sup]2[/sup] logistics warehouse in southern Russia, Property Week reported. Raven is to invest £87 mln (EUR 129 mln) to develop the first of 14 logistics ...
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PropertyEU Archive
Fadesa enters Bulgarian market with EUR 23 mln development
Spanish property developer Fadesa has entered the Bulgarian market with its purchase of land in the centre of the capital Sofia, the company has announced. Fadesa will be investing EUR 23 mln in its first project in Bulgaria. The development, which is aimed at the mid-high target market, will be ...
